Keybank National Association OH Buys 76,164 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

Keybank National Association OH raised its stake in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 176.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,395 shares of the company’s stock after purchasing an additional 76,164 shares during the quarter. Keybank National Association OH’s holdings in Mitsubishi UFJ Financial Group were worth $2,026,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 43.8% in the 1st quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock worth $4,565,000 after purchasing an additional 101,930 shares during the period. Focus Partners Wealth increased its position in shares of Mitsubishi UFJ Financial Group by 14.8% during the first quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock valued at $218,000 after buying an additional 2,058 shares during the period. Geneos Wealth Management Inc. raised its stake in Mitsubishi UFJ Financial Group by 245.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after buying an additional 3,403 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Mitsubishi UFJ Financial Group by 104.1% in the first quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock worth $571,000 after buying an additional 21,379 shares during the period. Finally, Sivia Capital Partners LLC lifted its holdings in Mitsubishi UFJ Financial Group by 68.8% in the second quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after buying an additional 14,347 shares during the period. 13.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MUFG has been the topic of a number of research analyst reports. Erste Group Bank initiated coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They set a “buy” rating on the stock. Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Finally, Weiss Ratings raised Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG opened at $20.65 on Monday. The stock has a market cap of $245.07 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 0.83 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $21.17. The firm’s 50-day simple moving average is $19.30 and its two-hundred day simple moving average is $18.19.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Saturday, May 16th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. The business had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $9.34 billion. Equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.43 EPS for the current year.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.